UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. 1. Name and Address of Reporting Person(s) O'Bryant, Allan 7405 Winding Ridge Road Columbus, GA 31904 2. Issuer Name and Ticker or Trading Symbol AFLAC INCORPORATED (AFL) 3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary) 4. Statement for Month/Year 03/02 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [ ] Director [ ] 10% Owner [X] Officer (give title below) [ ] Other (specify below) President AFLAC Int'l Inc. 7. Individual or Joint/Group Filing (Check Applicable Line) [X] Form filed by One Reporting Person [ ] Form filed by More than One Reporting Person

Table I Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Security 2)Trans- 3.Trans- 4.Securities Acquired(A) 5)Amount of 6) 7)Nature of action action or Disposed of (D) Securities Indirect Date Code A Beneficially D Beneficial (Month/ or Owned at or Ownership Day/Year) Code V Amount D Price End of Month I ------------------------------------------------------------------------------------------------------------------------------------ Common Stock ~~02/13/02 M 10~~2,~~000~~296 ~~A $7.9167~~ D Direct Common Stock 0203/1411/02 FP 35,~~442~~000 ~~D $26.1000 D Direct Common Stock 02/14/02 M 3,442~~ A $428.~~7084~~1766 677,~~620~~000 ~~D Direct Common Stock 15,438~~ I ~~401(K)~~Spouse ~~Plan~~ Table II (PART 1) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1 through 6) ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Derivative 2)Conversion 3)Trans- 4)Trans- 5)Number of Derivative 6)Date Exercisable and Security or Exercise action action Securities Acquired (A) Expiration Date Price of Date Code or Disposed of (D) Derivative Security Code V A D Exercisable Expiration ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock Option (right to$4.7084 02/14/02 M 17,900 06/28/93 06/28/03 buy) (1) Employee Stock Option (right to$7.9167 02/13/02 M 10,000 02/13/96 02/13/06 buy) Stock Units $0.0000 02/14/02 M 14,458 02/14/02 Table II (PART 2) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1,3 and 7 through 11) ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Derivative 3)Trans- 7)Title and Amount 8)Price 9)Number of 10) 11)Nature of Security action of Underlying of Deri- Derivative Indirect Date Securities vative Securities D Beneficial Amount or Security Beneficially or Ownership Number of Owned at I - Title Shares End of Month ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock Option (right to02/14/02 Common Stock (1) 17,900 0 D Direct buy) (1) Employee Stock Option (right to02/13/02 Common Stock 10,000 33,454 D Direct buy) Stock Units 02/14/02 Common Stock (1) 14,458 $4.7084 40,457 D Direct Explanation of Responses: (1) Reporting party exercised employee stock options convertible into common stock. He deferred receipt of the common stock pursuant to the issuer's Executive Deferred Compensation Plan (EDCP). The EDCP holds Stock Units on the reporting party's behalf representing the value of the common stock.

SIGNATURE OF REPORTING PERSON /S/ By: Patricia A. Bell For: Allan O'Bryant DATE

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